Debt structure
Company: TeraWulf
The claim, verbatim
Total debt $5.7B: $2.5B Convertible Notes at TeraWulf and $3.2B Senior Secured Notes at WULF Compute; net debt $2.7B.
Source (primary)
Q2 2026 Earnings Update Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-06)Live source ↗Archive.org ↗
Quote: “$2.5B Convertible Notes @ TeraWulf ➢ $3.2B Senior Secured Notes @ WULF Compute”
How we checked this
Checked on October 13, 2026. The cited source supports every part of this claim.
The Q2 2026 financial snapshot and its footnote state total debt of $5.7B, made up of $2.5B of convertible notes and $3.2B of senior secured notes, and net debt of $2.7B.
Confirmed in the source:
- Total debt is $5.7B
- $2.5B is Convertible Notes at TeraWulf
- $3.2B is Senior Secured Notes at WULF Compute
- Net debt is $2.7B
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_26c9692236622f11a71632d61560402c/terawulf/db/2396/23522/pdf/TeraWulf+Q2+2026+Investor+Presentation.pdf) in full (28,349 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Q2 2026 Earnings Update Presentation
Quote: “$2.5B Convertible Notes @ TeraWulf ➢ $3.2B Senior Secured Notes @ WULF Compute”